Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? March 19, 2019 Gold has been making a comeback. After a long period with little activity last year, the precious metal’s value has risen as stock markets have struggled and fallen. Combine the volatility of equities with the increase in geopolitical fears, and many investors are re-evaluating whether to increase the amount of gold in their portfolios. The [...]
City jobs market ‘in slow motion’ as Brexit uncertainty hurts banking sector March 19, 2019 The City jobs market has “gone into slow motion” as Brexit uncertainty hits confidence, according to recruitment firm Robert Walters. Read more: London salaries 2019: Which jobs will get you a pay rise? Job creation at big banks in London lagged behind other European cities last year, Robert Walters said. "Headcount at the world’s biggest [...]
Digital advertising firm Ocean Outdoor posts profits boost amid expansion plan March 19, 2019 Out-of-home advertising firm Ocean Outdoor has posted double-figure revenue and profit growth after a year of rapid expansion. Read more: Ocean Outdoor snaps up Dutch ad agencies for €51m The figures Revenue rose 15.2 per cent to £62.2m in the 12 months to the end of December. Gross profit increased 13.8 per cent to £25.2m. [...]
UK advertising exports hit £6.9bn in 2017 as global standing grows March 19, 2019 International trade in UK advertising services reached £6.9bn in 2017 as the sector’s global standing continues to grow, a new report has revealed. Advertising exports increased 18 per cent compared to 2016 and outpaced overall UK service exports, which grew seven per cent, according to figures from the Advertising Association. Read more: UK digital advertising [...]
The UK government should take inspiration from an unlikely source when writing its post-Brexit migration plan March 19, 2019 Another day, another chance for UK politics to reach hitherto unimaginable levels of farce. But while Downing Street reels over speaker John Bercow's characteristically dramatic intervention, it's worth remembering that the government is capable of making a complete mess of many things – not just Brexit. Take immigration, for example. We have a Prime Minister who [...]
‘Constitutional crisis’ as John Bercow blocks another vote on May’s Brexit deal March 18, 2019 Theresa May's bid to win parliamentary approval for her Brexit withdrawal deal has been dealt another dramatic blow after Commons Speaker John Bercow declared he could block any attempt to put the question to MPs again. In a surprise statement, Bercow said he would only allow the government to put its Brexit plan before MPs again [...]
Pound drops as Commons speaker John Bercow rules out third meaningful vote on same Brexit deal March 18, 2019 House of Commons Speaker John Bercow has ruled out a third meaningful vote on Theresa May's Brexit deal unless it contains "substantial changes". Bercow said the government was now not able to "resubmit the same proposition or substantially the same proposition as that which was rejected" in January and March this year. Making an unexpected statement [...]
Serco continues overseas push as it pens £61m contract to manage Australian remand centre March 18, 2019 Outsourcer Serco has been tasked with managing an Australian remand centre housing hundreds of prisoners, in a deal worth 115m Australian dollars (£61m). The public sector contractor will manage the centre for at least seven years, with a five-year extension option. Read more: Serco seeks to capitalise on Brexit chaos as financial revival continues Serco’s [...]
Chuka Umunna downplays speculation Tory MP Nick Boles could join the Independent Group March 18, 2019 Former Labour MP Chuka Umunna has downplayed suggestions Tory MP Nick Boles could join the Independent Group (TIG), saying he does not share the same "progressive values" of its members. Asked why Boles, who quit his local party over his stance on Brexit, had not joined the rump of disaffected former Labour and Tory MPs, Umunna said: "I'm [...]
Morrisons keeps income investors happy March 18, 2019 | City Talk By Graeme Evans from interactive investor. After flagging another special dividend with annual results, there are opportunities for this grocer. In an eventful and turbulent period for the grocery sector, Morrisons (LSE:MRW) continues to hold its own after unveiling further robust profits growth and another special divi for investors. Today’s full-year results, despite drifting back [...]
